Hackers Steal Celebs’ Instagrams for Scam Memecoin – The Hilarious $900k Pump-and-Dump!

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In what might be the most comically absurd series of events to unfold in recent weeks, hackers managed to hijack Instagram accounts of several music legends and promote a Solana-based memecoin that looks like it was designed in a basement somewhere. Yes, this happened, and no, it wasn’t a bad dream. It was a scam that shook the crypto world to its core – and it involved none other than Kanye West’s notorious YZY token, no less.

When Celebrities Get Hacked for a Memecoin: The $900K Quickie

Imagine, if you will, the shock and awe when, on a Friday afternoon, an esteemed media outlet reported that the Instagram accounts of the late Michael Jackson, Adele, Tyla, and Future were hacked at the same time. These celebrity profiles were turned into little more than advertisement boards for a dodgy memecoin. And guess what? It was all based on Solana, because why not add a little extra “wow” to the scam?

The scamsters, with all the subtlety of a bull in a china shop, used a photo of Future holding a coin bigger than his ego (seriously, this thing was enormous) with the word FREEBANDZ emblazoned on it. In case anyone missed it, FREEBANDZ is also Future’s music label and fashion brand. Totally legit, right? Just the kind of endorsement you’d want for a memecoin that’s basically digital toilet paper. 🤑

Though the posts were swiftly removed, Future’s Instagram was, quite fittingly, disabled in the aftermath. It wasn’t a total loss for the hackers, though. In under 30 minutes, the token’s market cap skyrocketed to a glorious $900,000 before promptly crumbling to a sad $15,000. Nice ride, huh? 🚀💥

Michael Jackson, Future, Tyla, and Adele’s Instagram accounts were hacked simultaneously

– NFR Lite (@NFR_Lite) August 22, 2025

Meanwhile, the blockchain data paints a picture of a scam artist too lazy to cover their tracks. A wallet with the end address zcmPHn dumped 700 million FREEBANDZ tokens, walking away with a pretty decent $45,600. Another wallet, bTp, cashed in $13,300. Talk about a quick buck! 🤑

But here’s the real kicker: this all happens while meme coins, these absurd digital tokens with no real utility, continue to run wild without much regulation. Even the SEC has given up trying to regulate these wild creatures, instead classifying them as “speculative collectibles” – whatever that means. But it’s clear that hackers have figured out how to turn them into scam vehicles. Who could have seen that coming?

Kanye’s YZY Token: A Different Kind of Scandal

As if the world needed more memecoin drama, Kanye West decided to throw his hat in the ring with the YZY token. The launch? Well, it was a glorious disaster. The token briefly hit a $3 billion market cap before crashing harder than my hopes for a stable coin. Within hours, it lost 70% of its value, which might be a personal best in terms of a financial nosedive. 🍿

On-chain data uncovered something that smells a little fishy: multiple wallets were pre-funded to purchase YZY tokens immediately after Ye’s announcement. Turns out, 13 wallets walked away with a cool $24 million in profits. Is it insider trading? Or just a super weird coincidence? Who’s to say. But as of now, YZY is trading at a paltry $0.705 with a fully diluted valuation of a still impressive $699.3 million. What a rollercoaster. 🎢

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2025-08-23 17:14